Add ministry to your portfolio

Gospel Recordings

Rating
Sector:

Evangelism Support

Total
Revenue:

$1,667,662

Total
Expenses:

$1,656,450

Net
Assets:

$2,202,606
Email us here to send electronic copies of updated IRS Form 990 and/or Audited Financial Statements. You may also request changes to any of the non-financial content for a given ministry. Please be as specific as possible for any changes.

Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 83.7% 89.7%
General & Admin 12.6% 5.5%
Fundraising 6.8% 4.1%
Savings -4.3% .6%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

>50
Yr(s)25-50
<25
<$1m$1m-
$5m
>$5m

Summary

Gospel Recordings ("GR") is a missionary organization to unreached people, especially illiterates and those who have no other means of hearing the Gospel. GR works with its partners, called the Global Recordings Network(GRN) - similar, independent organizations based in over 20 other countries. Gospel Recordings, and its GRN partners worldwide, use modern technology to spread the God's Good News. The main goal is to provide the Gospel to those who can only be reached by the human voice, because they do not read. GRN produces handwind tape and record players, used where AC current and batteries are not accessible. Picture sets are available to teach Bible stories are accompanied by cassettes in many languages. GR sends materials at no charge to those doing evangelism, encouraging users to copy our cassettes themselves, so we can reach more peoples and areas. GR provides an easy and practical way to communicate the Gospel and overcome language barriers. The culturally adapted recordings are used in many situations to initiate the process which leads many to faith and fellowship with Jesus Christ. Over 5000 languages and dialects have been recorded, and more are being added regularly.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.

Contact Information: [ Back to top ]

Mailing Address:41823 Enterprise Circle North Suite 200
Temecula, CA
92590-5682
Website: www.gospelrecordings.com
Phone:(951) 719-1650, (888) 444-7872
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 956539977
CEO/President: Mr. Tim Mack Tax Deductible: Yes
Chairman: Mr. Norval Hadley Fiscal Year End: December 31
Board Size: 5 Financial info from: 990
Founder: Ms. Joy Ridderhof Member of ECFA: Yes
Year Founded: 1938 Member of ECFA since: 2000

Purpose [ Back to top ]

Gospel Recordings ("GR") is a missionary organization to unreached people, especially illiterates and those who have no other means of hearing the Gospel. GR works with its partners, called the Global Recordings Network (GRN) - similar, independent organizations based in over 20 other countries. Gospel Recordings, and its GRN partners worldwide, use modern technology to spread the God's Good News. The main goal is to provide the Gospel to those who can only be reached by the human voice, because they do not read. GRN produces handwind tape and record players, used where AC current and batteries are not accessible. Picture sets are available to teach Bible stories are accompanied by cassettes in many languages. GR sends materials at no charge to those doing evangelism, encouraging users to copy our cassettes themselves, so we can reach more peoples and areas.

GR provides an easy and practical way to communicate the Gospel and overcome language barriers. The culturally adapted recordings are used in many situations to initiate the process which leads many to faith and fellowship with Jesus Christ. Over 5000 languages and dialects have been recorded, and more are being added regularly.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law.

Mission Statement [ Back to top ]

Gospel Recordings' Mission Statement is:

To communicate the Good News by mean of audio recordings in all of the world's languages and dialects. Priority is given to non-literate, unreached peoples.

Program Accomplishments [ Back to top ]

Over the last 60 years, millions of records and cassettes have been sent all over the world. GR has produced audio evangelism recordings in over 5000 languages and has sent over 43,500 recordings to 98 countries, in 1935 languages, from the U.S. base alone. Has recorded in 99 "new languages" and taped new additional material in many more. GR has begun to develop new handwind generator and cassette player in cooperation with Korean GRN base.

In 2001, the U.S. base alone sent out 60,213 cassettes to 111 countries, and many of them were intended to be copied many more times. A digital process of archiving all the recordings has begun so that they will be accessible by CD and the Internet.

Statement of Faith [ Back to top ]

Gospel Recordings' uses the following to express its Statement of Faith:

We hold to and teach the Scriptural doctrines of the Christian faith: Belief in the whole Bible as the inspired Word of God; God existing as a Trinity; the Deity of Christ, His virgin birth, His death for the sins of man and His bodily resurrection; the lost condition of all men without Christ, the only Way of personal redemption; the necessity of the new birth; the bodily return of the Lord Jesus Christ to this earth and the urgency of the commandment to the Church to preach the Gospel to every person.

History [ Back to top ]

Gospel Recordings (GR) was founded in 1938 by Joy Ridderhof and has been making audio recordings that tell of God's plan of salvation ever since. We praise God because over the last 60 years, millions of records and cassettes have been sent all over the world. GR works with its partners, called the Global Recordings Network(GRN) - similar, independent organizations based in over 20 other countries. GR has produced audio evangelism recordings in over 5000 languages. GRN has staff or associates working: AUSTRALIA, BANGLEDESH, BELGIUM, BRAZIL, BURKINA FASO, CAMEROON, CANADA, CHAD, GERMANY, GHANA, GUATEMALA,GUINEA, INDIA, INDONESIA, KENYA, KOREA, LIBERIA, MALAWI, MEXICO, NEPAL, NETHERLANDS, NIGERIA, PAKISTAN, PAPUA NEW GUINEA, PHILIPPINES, RUSSIA, SIERRA_LEONE, SINGAPORE, SOLOMON ISLANDS, SOUTH AFRICA, SWITZERLAND, TOGO, UNITED KINGDOM, UNITED STATES, Other restricted parts of the world.

Ministry Needs [ Back to top ]

Gospel Recordings' has communicated the following needs:

GR expects God to send many more men and women to process and distribute audio evangelism tools and to record even more. A new U.S. office is being built (in Southern California) so workers and volunteers may serve Him in unique and innovative ways. Please pray that God will provide for the ministries needs.

Research Analysis

Transparency Grade [ Back to top ]

Transparency Grade of : B
Criteria categoryGradeOther Comments
Timeliness:808/10/2005 2:35:54 PM: Organization made financial information available between 6 ½ and 7 ½ months after their fiscal year end.
Financial Information:1008/10/2005 2:36:53 PM: Organization provided all financial information requested. Information was clear and thorough.
Foundational Clarity:
Level of Cooperation:
Click here to compare ministries on transparency and other stats
Click here to learn more about how ministries are graded

MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

Ranking CategoryRatingOverall RankEvangelism Support Sector
Overall Efficiency RatingStarStarStarStar82 of 348    9 of 37
Fund Acquisition DecisionStarStarStarStar82 of 348      10 of 37
Resource Allocation Decision of 348      37 of 37
Asset Utilization Decision of 348      37 of 37
Learn how the ratings are calculated for this ministry
Learn how ratings are calculated in general -- or here for a longer explanation
Click here to compare ministries

Ministry Statement or Response [ Back to top ]

This organization has not offered MinistryWatch.com with an official statement or response for their profile. This area is meant as a mechanism for the profiled ministry to communicate anything they may choose. It is open ended as to the topic, issues, facts or news to address. It is not negative if there is no official statement as many don’t have anything to add than what is already on the profile. This section is not tied to transparency or to communication in general. Many very open and talkative ministries with us choose not to post an official statement. This section is just an open ended offering to the profiled ministry for anything extra to say as they may choose.

Financial Information:

Financial Ratios[ Back to top ]

Funding RatiosDatabase Average20072006200520042003
Return on FR Efforts10%4%6%0%0%0%
Fundraising Cost Ratio7%4%6%0%0%0%
Contributions Reliance83%102%98%0%0%0%
Fundraising Expense Ratio7%4%6%0%0%0%
Other Revenue Reliance17%-2%2%0%0%0%
Operating RatiosDatabase Average20072006200520042003
Program Expense Ratio80%90%88%0%0%0%
Spending Ratio104%99%108%0%0%0%
Program Output Ratio84%90%96%0%0%0%
Savings Ratio-4%1%-8%0%0%0%
Reserve Accumulation Rate4%1%-6%0%0%0%
General & Admin Ratio13%6%6%0%0%0%
Investing RatiosDatabase Average20072006200520042003
Total Asset Turnover2.85x.4x.44x0x0x0x
Degree of L-T Investment3.06x7.06x9.56x0x0x0x
Current Asset Turnover5.43x2.86x4.19x0x0x0x
Age of Assets10.5yr(s)6.2yr(s)4.9yr(s)0.0yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20072006200520042003
Current Ratio3276.63x119.5x69.78x0x0x0x
Current Liabilities Ratio.38x.01x.01x0x0x0x
Liquid Reserve Level4.95x4.17x2.82x0x0x0x
Solvency RatiosDatabase Average20072006200520042003
Liabilities Ratio.3x.46x.45x0x0x0x
Debt Ratio.07x.41x.39x0x0x0x
Reserve Coverage Ratio81%133%125%0%0%0%

Financials[ Back to top ]

Balance Sheet
Assets20072006200520042003
Cash$311,255$95,103$259,888$731,100$389,627
Receivables, Inventories & Prepaids$268,578$322,328$383,420$437,599$222,098
Short-Term Investments$0$0$0$0$0
Total Current Assets$579,833$417,431$643,308$1,168,699$611,725
Long-Term Investments$819,641$0$0$0$0
Fixed Assets$2,657,589$3,534,656$3,306,677$2,508,458$1,908,621
Other Long-Term Assets$33,857$36,683$3,133$3,025$1,742
Total Long-Term Assets$3,511,087$3,571,339$3,309,810$2,511,483$1,910,363
TOTAL ASSETS$4,090,920$3,988,770$3,953,118$3,680,182$2,522,088
Liabilities20072006200520042003
Payables & Accrued Expenses$4,852$5,982$3,774$7,118$2,082
Other Current Liabilities$0$0$0$0$0
Total Current Liabilities$4,852$5,982$3,774$7,118$2,082
Debt$1,690,932$1,548,278$1,338,701$1,125,000$500,000
Other Long-Term Liabilities$192,530$243,116$286,708$288,828$50,527
Total Long-Term Liabilities$1,883,462$1,791,394$1,625,409$1,413,828$550,527
TOTAL LIABILITIES$1,888,314$1,797,376$1,629,183$1,420,946$552,609
Assets20072006200520042003
Unrestricted$1,900,833$2,009,663$2,201,747$1,733,968$1,895,357
Temporarily Restricted$301,773$181,731$122,188$525,268$74,122
Permanently Restricted$0$0$0$0$0
NET ASSETS$2,202,606$2,191,394$2,323,935$2,259,236$1,969,479
Revenue and Expenses
Revenue20072006200520042003
Total Contributions$1,698,981$1,587,441$1,574,403$1,804,192$1,313,029
Program Service Revenue$0$0$0$0$0
Membership Dues$0$0$0$0$0
Investment Income($31,319)$28,431$21,890$11,657$4,840
Other Revenue$0$0$0$0$0
Total Other Revenue($31,319)$28,431$21,890$11,657$4,840
TOTAL REVENUE$1,667,662$1,615,872$1,596,293$1,815,849$1,317,869
Expenses20072006200520042003
Program Services$1,496,273$1,545,423$1,361,132$1,398,682$1,260,669
Management & General$91,177$105,845$109,574$80,354$82,964
Fundraising$69,000$97,145$60,888$47,051$29,793
TOTAL EXPENSES$1,656,450$1,748,413$1,531,594$1,526,090$1,373,426
Change in Net Assets20072006200520042003
SURPLUS (DEFICIT)$11,212($132,541)$64,699$289,759($55,557)
Other Changes in Net Assets$0$0$0$0$0
TOTAL CHANGE IN NET ASSETS$11,212($132,541)$64,699$289,759$0